I work as a volunteer...can this be beneficial?
4 Replies
Kris Klark
from Kipahulu, HI
posted over 3 years ago
I've lived and worked full time as a volunteer for the past five years. Pretty soon I'm planning on leaving my current position and am planning to pursue investing in real estate. I have practically no income history, been here from age 20-25, living where I work. When it comes to getting financing, are there any perks to having been a volunteer for a considerable and steady amount of time or am I screwed?
Antoine Martel
Rental Property Investor from Los Angeles, CA
replied over 3 years ago
For Fannie and Freddie, I do not think that being a volunteer will help you. I believe that they will strictly look at your W2 income.
Carolyn Morales
Investor from Jacksonville, FL
replied over 3 years ago
Maybe you can apply for some type of humanitarian Grant ? I am not sure.
Though it is very noble, How have you afforded to live being a volunteer?
Kris Klark
from Kipahulu, HI
replied over 3 years ago
Hi Carolyn. I live at a rural retreat center (Buddhist). All food and lodging is provided as well as a small stipend for other needs. I've wondered about the grants, haven't looked into it yet though.
Carolyn Morales
Investor from Jacksonville, FL
replied over 3 years ago
That is very intriguing.... Maybe there is something humanitarian in the grant categories you can use. Let me know if you find something.
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